Whether you are starting a new AP transformation or assessing your current AP offering, industry analysts provide a unique, unbiased perspective on which technology vendors you should have in place. Basware is, therefore, proud to announce that we have been identified as a Leader in the AP industry by both IDC and Forrester. Read their full analysis below.
Macro-economic headwinds, growing invoice regulations, labor shortages, and the evolution of AI mean it's never been more challenging to stay ahead of the latest trends by making solid investments in your technology and talent.
For years, analysts recognized Basware for its ability to automate and enhance the entire AP and invoice journey – spanning fraud and risk management, global compliance, artificial intelligence (AI), and beyond. In July, IDC and Forrester released reports that take a deeper dive than ever before into the capabilities and strategies of the top providers worldwide; you can access these reports for free s via the below links:
Summary of Reports
Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024
After evaluating Basware's strategies and capabilities, Forrester has recognized us as the leader in the AP software space and the largest specialist provider of APIA software. Forrester considers us to excel through customer-focused innovation and robust execution in EMEA and North America. Forrester notes our advanced exception handling, AI-driven non-PO invoice coding, and multiway invoice matching, highlighting our effectiveness in driving touchless processing.
Some Highlights from the report:
"Basware heads the pack with a laser focus on automating the last mile of AP processes."
"Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution."
"[Basware’s] pragmatic product roadmap addresses critical client pain points related to compliance and fraud management."
Read Full Report Here
IDC Worldwide Accounts Payable Automation Software Vendor Assessment
After evaluating Basware's strategies and capabilities, IDC has positioned us as a Leader in the 2024 IDC MarketScape for worldwide accounts payable automation software for large enterprises. They note that Basware offers advanced invoice automation and AI-based invoice ingestion, supporting AP and AR processes.
Some Highlights from the report:
"Basware is able to facilitate completely touchless invoice processing for many of its customers, providing increased efficiency and automation at a level that many strive to reach."
"Basware, with over 40 years of invoicing experience, serves as a seasoned partner, aiding companies in navigating these complexities
and avoiding high business risks and penalties associated with noncompliance."
"Consider Basware if you are looking for a partner that provides a truly automated experience with deeply rooted expertise in global compliance requirements to help you scale your business.
Read Basware Assessment Here
The insights from these reports will be key in our solution roadmap and service plans, assuring we continue reducing the complexity organizations like yours feel around the world.
These recognitions follow our acquisition of AP Matching and Glantus, alongside key product upgrades to our fraud solution AP Protect, and Touchless Invoice Processing Discovery Dashboard. Furthermore, Basware recently bolstered its leadership team with Markus Hornburg as Head of Compliance, Anssi Ruokonen as Director of AI Research and Enablement, and Barret Schiwitz as Chief Information Officer.
